WEST VIRGINIA CODE

(a) There shall be deducted from the monthly payroll of each
employee and paid into the fund created pursuant to section four of
this article twelve percent of the amount of his or her salary:
Provided, That after July 1, 2008, if the funding percentage of the
fund determined by the board falls below the ninety-percent
threshold, then the employee rate of contribution shall be
increased to thirteen percent of the amount of the employee's
salary until the ninety-percent or better funding level is again
achieved. Once that funding level is achieved the employee
contribution rate will be reduced to twelve percent.

(b) The State of West Virginia's contributions to the
retirement system, as determined by the board, shall be a percent
of the employees' total annual base salary related to benefits
under this retirement system. In determining the amount, the board
shall give consideration to setting the amount at a sum equal to an
amount which, if paid annually by the state, will be sufficient to
provide for the total normal cost of the benefits expected to
become payable to all members and retirants and to amortize any
unfunded liability found by application of the actuarial funding
method chosen for that purpose by the board over a period of years
determined actuarially appropriate. The state's contributions
shall be paid monthly into the fund created pursuant to section four of this article out of the annual appropriation for the
agency.

(c) Notwithstanding any other provisions of this article,
forfeitures under the system shall not be applied to increase the
benefits any member or retirant would otherwise receive under the
system.

Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.